Volex (VLX): Data Centre demand momentum
This situation live
VLX Volex
21 Jan 2026 · Q3 elevated; FY26 expectations raised · +2% until the next step
The Group benefitted from particularly strong growth in Complex Industrial Technology, supported by continued, elevated demand from Data Centre customers.
25 Mar 2026 · FY26 upgraded again; part of demand may not recur · +18% until the next step
this particular dynamic may not recur at the same level in FY2027
25 Jun 2026 · FY2026 delivered; strength continuing into FY2027 · +2% until the next step
Demand across key end-markets remains robust, supported by good forward visibility and continued strength in Data Centre, Off-Highway and EV & Electrification underpinning confidence in achieving year
19 Oct 2026 · H1 FY27 Data Centre below H2 FY26, demand strong · −5% since
Data Centre revenues were well ahead of the prior-year comparator, although below the second half of FY2026.
Data Centre demand momentum
H1 FY27 Data Centre below H2 FY26, demand strong
Next: next-generation higher-speed products ramp up during FY2028
Every step · 4
- 21 Jan 2026 Q3 elevated; FY26 expectations raised – The Group benefitted from particularly strong growth in Complex Industrial Technology, supported by continued, elevated demand from Data Centre customers. ↗
- 25 Mar 2026 FY26 upgraded again; part of demand may not recur – this particular dynamic may not recur at the same level in FY2027 ↗
- 25 Jun 2026 FY2026 delivered; strength continuing into FY2027 – Demand across key end-markets remains robust, supported by good forward visibility and continued strength in Data Centre, Off-Highway and EV &... ↗
- 19 Oct 2026 H1 FY27 Data Centre below H2 FY26, demand strong – Data Centre revenues were well ahead of the prior-year comparator, although below the second half of FY2026. ↗
What is happening
Volex: Data Centre demand momentum – H1 FY27 Data Centre below H2 FY26, demand strong. ['H1 FY27 Data Centre below H2 FY26, demand strong']
- In short
- Data Centre demand drove two FY26 upgrades (Jan and Mar 2026); FY26 revenue $1,242.6m with Data Centre about doubling. The 19 Oct 2026 update says H1 FY27 Data Centre revenue was well ahead of the prior year but below H2 FY26, as supply conditions normalised and the temporary share gain faded. Underlying demand remains strong; next-generation products are due to ramp in FY2028.
- Announced
- 21 Jan 2026 · Q3 elevated; FY26 expectations raised
- Latest
- 19 Oct 2026 · H1 FY27 Data Centre below H2 FY26, demand strong
- H1 FY27 Data Centre
- Well ahead of prior year, below H2 FY2026
- Reason
- Temporary extra share while other suppliers were supply constrained; supply conditions have normalised
- Next catalyst
- Next-generation higher-speed products expected to ramp up during FY2028
- Group growth
- Organic constant currency at least 21% in H1, vs 28% in first four months
What comes next
next-generation higher-speed products ramp up during FY2028.
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